FBR & Co reissued their buy rating on shares of NorthStar Asset Management Group, Inc. (NYSE:CLNS) in a report issued on Friday. The firm currently has a $15.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $16.00.

Several other analysts have also commented on the stock. Zacks Investment Research raised shares of NorthStar Asset Management Group from a sell rating to a hold rating in a research report on Wednesday, July 12th. Wedbush reaffirmed an outperform rating and issued a $17.25 price objective (down previously from $26.00) on shares of NorthStar Asset Management Group in a research report on Friday, April 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. NorthStar Asset Management Group presently has a consensus rating of Buy and a consensus target price of $16.85.

NorthStar Asset Management Group (CLNS) opened at 13.35 on Friday. NorthStar Asset Management Group has a 52 week low of $11.80 and a 52 week high of $16.08. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 118.14 and a beta of 1.54. The company has a 50-day moving average of $14.37 and a 200-day moving average of $13.82.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 8.09%. The ex-dividend date of this dividend is Thursday, September 28th. NorthStar Asset Management Group’s dividend payout ratio is 830.83%.

A number of hedge funds have recently made changes to their positions in CLNS. Schroder Investment Management Group bought a new stake in shares of NorthStar Asset Management Group during the second quarter valued at approximately $392,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of NorthStar Asset Management Group during the first quarter valued at approximately $232,000. Baupost Group LLC MA bought a new stake in shares of NorthStar Asset Management Group during the first quarter valued at approximately $618,460,000. Pointe Capital Management LLC bought a new stake in shares of NorthStar Asset Management Group during the first quarter valued at approximately $604,000. Finally, Achmea Investment Management B.V. bought a new stake in shares of NorthStar Asset Management Group during the first quarter valued at approximately $914,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

NorthStar Asset Management Group Company Profile

Colony NorthStar, Inc is a diversified equity real estate investment trust (REIT). The Company combines a portfolio of real assets across the world, which are managed with a global real estate investment manager. The Company has property holdings in the healthcare, industrial and hospitality sectors, opportunistic equity and debt investments, and an embedded institutional and retail investment management business.

Analyst Recommendations for NorthStar Asset Management Group (NYSE:CLNS)

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